When computing diluted earnings per share, nonconvertible preferred stocks are a. ignored. b. assumed converted whether they are dilutive or antidilutive. c. assumed converted only if they are antidilutive. d. assumed converted only if they are dilutive. What effect will the sale of treasury have on earning per share? a. Decrease b. Increase c. No effect d. Increase numerator and decrease denominator Benn, Incorporated, has 6,000,000 shares of common stock outstanding on December 31, 2017.An additional 1,000,000 shares of common stock were issued on April 1, 2018, an d500,000 more on July 1, 2018. On October 1, 2018. Benn issued 25.000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2018. What was the number of shares to be used in computing basic earnings per share? a. 7,000,000 b.7, 125,000 c.7, 500,000 d. 8, 500,000 See #3 above. What was the number of shares to be used in computing diluted earnings per share? a. 7,000.000 b. 7.125,000 c. 7, 500,000 d. 8, 500,000